Uber has expanded its most recent round of funding by $US1 billion, the New York Times reported Wednesday, citing Delaware Secretary of State documents.
This brings Uber’s Series E round of funding up to $US2.8 billion. In December 2014, Uber announced its $US1.2 billion Series E round, funded by New Enterprise Associates, Lone Pine Capital, Valiant Capital Partners, and Qatar Investment Authority.
Chinese search engine Baidu contributed $US600 million to Uber’s Series E round in December too.
Last month Uber raised a $US1.6 billion round of convertible debt financing from Goldman Sachs, separate from its December fundraising.
Uber confirmed the news to the Times.